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immediately and the rest of the funds would take two to three business days. but as I'm looking it up online a lot of sites are telling me that due to that I'm a new account holder it would take 7 to 10 business days, is this true?
March 3, 2015 09:02:50 AM
In reply to Icis, Elizabeth
Thanks for joining us here at TD Helps, Icis. We apologize for any confusion and would be glad to help clarify this with you.
Typically, if your deposit was made at TD Bank before 8:00 pm on a business day, it would be considered a deposit on that business day. A business day is every day except Saturdays, Sundays, and Federal holidays. Please note that for weekend deposits, this usually means that the deposit will be considered Monday's deposit and will post to your account Tuesday. Also keep in mind that if Monday of that week is a Federal holiday, the deposit is considered for Tuesday and will post to your account on Wednesday.
As you are a new account holder and if your account has not been open for 30 consecutive days, check deposits can be held for 7-10 business days for verification purposes. After this grace period, not only will the first $100 be made available at the time of deposit but the rest of the funds will credit to your account the following business day.
If you make a deposit through the ATM, either cash or check, the first $100 dollars is credited immediately while the remainder of your deposit will be applied to the balance on the following business day. Unlike the ATM, the Mobile Deposit feature does not credit any funds initially. The funds will be credited on the following business day.
To read the Funds Availability Policy and other important details, please visit http://bit.ly/1kb17UQ (page 38-41, specifically pages 40-41 under "Special rules for New Accounts").
We hope this helps clarifies your concerns Icis. Should you have any other questions, you are welcome to select the "Reply" link to submit a new inquiry, or call us at 888-751-9000, 24/7. You can even visit your local TD store for assistance. To locate a TD Store near you, please visit, http://bit.ly/TDStores.
Have a great one!
Yen D, Mount Laurel
March 3, 2015 09:08:39 AM